Shree Cement Ltd's Q3FY25 Quarterly Results

Result Summary

• Shree Cement Ltd reported a 10.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 12.8%.
• Its expenses for the quarter were up by 5.9% QoQ and 0.0% YoY.
• The net profit increased 152.8% QoQ and decreased 72.4% YoY.
• The earnings per share (EPS) of Shree Cement Ltd stood at 53.6 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Shree Cement Ltd is a prominent player in the Indian cement industry, known for its expansive operations in the manufacture and sale of cement and cement-related products. The company is engaged in the production of Ordinary Portland Cement, Portland Pozzolana Cement, and Portland Slag Cement. It operates a number of cement plants across India, contributing significantly to infrastructure development in the country. Shree Cement has been involved in several key projects and consistently focuses on innovation and sustainability in its operations. Recent developments in the company, if available, would typically include expansion plans, technological upgrades, or sustainability initiatives, though specific details are not provided here.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Shree Cement Ltd reported a total income of ₹4683.46 crores. This represents an increase of 10.6% compared to the previous quarter (Q2FY25) where the total income was ₹4235.55 crores. However, there is a year-over-year (YoY) decrease of 12.8% in total income compared to Q3FY24, which stood at ₹5370.65 crores. The quarterly growth in income suggests a recovery from the previous quarter, although the income has not reached the levels observed in the same quarter of the previous year.

Profitability

Shree Cement Ltd's profitability metrics for Q3FY25 show a significant improvement from the previous quarter. The Profit Before Tax (PBT) for Q3FY25 is ₹224.71 crores, marking an 865.2% increase from Q2FY25's PBT of ₹23.28 crores. However, when compared to Q3FY24, there is a notable decline of 75.4% from ₹912.64 crores. The Profit After Tax (PAT) for Q3FY25 is ₹193.72 crores, indicating a 152.8% increase from Q2FY25, which was ₹76.64 crores. Compared to the same quarter last year, there is a 72.4% decrease from ₹701.85 crores. The Earnings Per Share (EPS) follows a similar pattern, with a quarterly increase of 152.8% to ₹53.60 from ₹21.20 in Q2FY25, but a YoY decline of 72.4% from ₹194.50 in Q3FY24.

Operating Metrics

The total expenses for Shree Cement Ltd in Q3FY25 were ₹4458.75 crores, reflecting a 5.9% increase from Q2FY25, where the expenses were ₹4212.27 crores. Year-over-year, the total expenses remain almost flat, showing a negligible change from ₹4458.01 crores in Q3FY24. The tax expenses for Q3FY25 were ₹30.99 crores, a significant shift from a tax benefit of ₹-53.36 crores recorded in Q2FY25. Compared to Q3FY24, when the tax expenses were ₹210.79 crores, there is a decline of 85.3%. These figures suggest significant quarterly shifts in tax accounting, which could be due to various factors such as changes in tax rates or adjustments in deferred tax assets or liabilities.